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<br /> B. All future adva�ces from Leader to Crraatos ar other future obli ations of Grantor to Lender under an mm9ssory "`F''":
<br /> � note.contract, or other evidence of debt exe�ted b Grantor in tavor of I.ender ex�ed aftcr this ��'
<br /> gnaranty, Y �[:,�`--
<br /> Security Insuument whether or not this Secuiity Instn:ment is specificaUy referenced.If more than one person
<br /> signs this Security Instrument,each Grantor agrees that this Secunty Instrument will secure all future advances and Pr `
<br /> futtme obligations that are�vea to or inwned by aay ane or more Grantor,or any one or more GrPat�r and �'f�'
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<br /> others.Atl futtue advanoes and other future ohligations are secured by this Security Instrument even thougtz al!ur �,?�?-
<br /> . part may not yet be advanoed.All futvre advances and other future obligations are secured as if�ad�on the dat� ,F;;��,
<br /> of this Secuzity Insirument Nothiug in this Security Instnunent shall constitute a commitment to make additin�,al �c`f`�
<br /> �: or futurc toans or a d vances iu any amount A ny su c h commitment must b e agree d to in a separate wn d ng. ��,r;;:
<br /> C. All obUgations Grantor owes ta Lender,which mav later arise,to the extent not prolutaited by la�v.utcludiag,but "•;:�,
<br /> :��.,; nat timited to.liab�ities for overdratts relating to any deposit account agreement behveea Csrantar and Leud:s. •
<br /> D. All additional sums advanced and espenses incurted by Lender for insuring,preserving or otherwise protec�ag �`�
<br /> . the g'roperty and its value and any oiher sums advanced and expsnses incuned by Lender undep the teims of ��=F
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<br /> tI11S SECIUIt�/TASti11IReA� �'�2-`
<br /> T�Security Instrument will aoi secure any other debt if Lender fa�s to g'tve any required notise of the right of resc�ion. �"���
<br /> 5. F�i�P�PPi`�.Graator ag�ees that all payments under the Secured Debt svill be paid when due aasl in aocord�ce
<br /> _ �if3rti�terms of ttce Secured Debt and this Security Instrumen� �'=..'
<br /> G. �ARr'�A1�iTY OF'IYPI.E.Grantor warrants that Grantor is or will be la�vfully seized of the esta4e c�nveye�i iny this ^�
<br /> Seauity Instrament and has the right to irrevocably grant,convey,and sell the Property to Trustee,in trust,with '� '�
<br /> power of sate.Gsaatur also wareanu that the Property is unencumbered,except for encumbranses of record =3t�� '
<br /> � PItEOR SECURYPV E�P['ERE�I`5.With regard to any offier mortgage,deed of uust,security agreement or other lien —?y���
<br /> `�� document that created a prior security interest or encumbrance on the Property,Grantor agrees:
<br /> A. To make all payments when due and to perform or campiy with all covenants. F'°
<br /> B. To promptIy deliver ta Lender aay notices that Grantor receives from the hotder. ��-`�'�=�
<br /> _ C. Not to allow aay modifiration or emension o£,nor to request any future advaaces uuder any u�tr or sgreement �'�t•.
<br /> secuored by the.lien document without Lender's prior written consent �_,
<br /> 8. Cfl.�.�64�iGATNST TTrLE.�t�tor will pay all taxes,assessments,liens.eucumbrances.lease payments,graz�r•4 —�
<br /> ren�,a�lities,and other c2�rges relating to the Property when due.Lender may reqviYe Grantor to provide to[�er� (�,'`"�
<br /> oopirs of alt noticc�that such amounts are due and the receipts evidencin�Crantor's payraent Gtantor w�l de.z�� ��.:::`
<br /> . titte w the Prapere�r against az�y elaims that a,auld impair the lien of this Secu;aty Instrument.Grantor agrees to assigo -----
<br /> to Lender,as requesi�d:by Lender,any rights,cisims or defenses oraav�x may have against parties�v supply labor - "'
<br /> � mr mat�rials to maiutain or improf e the Property. �`-�`
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<br /> � 9 DUE ON SAL�OR ENCU�4�+`.ANC�Leader may,at its option,declare the entire b-.��of tLe Secured Debt to �
<br />��`�� be imcuediately due aad payats4e.t��pon tlie creatiou o�or contract for the creatioa of,a.c.�T�:�,en�umbrance,transfer ��;r�;�
<br /> ' ? or sale of the 1'roperty.This rigtrt 6s subjorat tn the restc�ctions iYnposed by federal law(i2�F.R.S91j,as applicab2e. .� w�;�•
<br /> .� ; Thi�coveaant shell r�;witb thz F�operty and sbnll•�emain in effect unt�the Secured Debt is�5�:�f.�full aad this ;{•...'
<br /> .T Security Instn:ment is released. '.'''
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<br /> 10. PROI°�ItTY CONDITION,!�L'�l'gAT[ON$A.IY1D:Yl�S��Ci'QON.Grantor will keep the Property in gc^�d
<br /> �.�� conditivn and make all repaizs�sL•at are reasoaa�:y necessssy.Grantor shall not commit or allow any w�e.
<br /> impairment,or deteriorarion of the Property.C3rantor will keep the Pro�ert}r &ee of noxious weeds and grassas. _,_
<br /> _ � Grantor agrees that t�e nature of the oacupancy and use will not substae.�s.ally c6ange without Lender's prior wpitten
<br /> oonsen�Cirantor will noL permii any change in any license,restrictive covenant or easement without Lender's prior � '
<br /> �,':;: written consent.Grantor cvill notify Lender of a!1 demaads,praceedings,claims,and as�ons against Gr�sntor,and of w„,.
<br />> f �. any loss or damage to the Fropertyp. � ��� '
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<br /> Lender or Lender's agents may.at I.ender's option,enter the Property at any reascLai�le time for the purpose of ��
<br /> ��� �' ' inspecting the Propeny.[,endet shali give Crantor notice ae the time of or before an inspection specifyiag a
<br /> '�.�.+.�; reasonable ose for the' ection.Aa vr�ection of the Pro rirall be entirel for Lender�benefit and ��`��T
<br />'-;';`` Grantor will'm�no way reIy on 1�.Q�er's insp ciion �� Y �,F�n.
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<br />.'�'�f IL AITIY:ORZTY TO PERFOB1l�.yf Grantor fails to perfac� any duty or any of the cmvenants contained in tbis = -
<br /> . � ' Seau�*r�Insuument,Lender may,without notice,perform a:rause them to be performed.Grantor appoints I.en�er � F---
<br /> �; as attarney in fact to sign Grantor's name or pay any amounE necessary for pedormance.Lender's right ta perform for f; . :=
<br /> Grantor shall not crente an obligation to perform,and Lender's faiIure to perform will not preclude Lxuder from
<br /> ��� � exereising any of I.ender's ot�er rights nnder the Iaw or this Securiry Instrumen�If any construction on the Property is �
<br />. discontinaed or not carried on in:a reasonable manner,Lender may taice s11 steps necessary to protect Lender's ' �
<br /> security interest in the Property,irn;tsding completion of the cons¢ruction.
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<br /> lZ. ASSIGNMEI�'OF LEASES AP�R�NTS.Grantor irrevocabiy grants.conveys artd sells to Trustee,in trust for the
<br /> ;, benefit of L.ender,as additional security all thc right.tide and interest in aad to any and all e�tistmg or future Ieases,
<br /> , subleases,and any other written or verbal agreements for the use and occupancy of any porti�n of the Pcoperty,
<br /> incluci�any extensions,renewsls.,modifccations or substitutions of such agreements(all refeaect to as"Leases")aud
<br /> rents,"r.R;ses and profiis(all refer.r.�d to as"Rents").Graainr w71 promptiy provide L.ender arith true and oorrect _
<br />�,.�;; ; oop:��c;L all existis�g and future lLeases.Grantor may eoltect,c�e�ive,enjoy and use thr_Rents so long as Grantor is:a�a
<br /> , in defa�ult under ths terms of this Security Instrument. --
<br /> �1'� Grantor ackno:vted�t�s that this assigpment is�c-rfected upon the reconiin��f this Deed of Trust and that Lender is �,:.;
<br /> entitled to notify any of Grantor's tenants to nake payment of Rent�•d�u: or co become due to Lender. However,
<br />'a4j:: Lender agrees that only on d�fa.ulr.�will Lender nnrify Grantor and Grar.�oi s tenaats and make demand that all future _
<br /> ::;,: Rents be paid direetly to Le�der. On receiving.notice af dc�ault.Grantor will ends���.aad deliver to Lender riny F._,.;_.
<br />:- � payment of Rents in Grantor's F�:nsession and will receive any Reats in trt:st for Le.drr and will not commingte t�^e �
<br /> Rents with any other funds.Any amounts collected will be applied as Frnvided in this Secwity lnstrument.Grantor
<br /> . �vanants that no default enists under the Leases or any applicable landior�'ienant law.Grantor aiso agrees to main*,ain � '
<br /> and require any tenant to comply with the terms of the Leases aad applicable law. • �` � -
<br /> 13 LEA5EHOLDS;COPiIDOB+llP1IlJR�S;PLAIdNED UNH'f DEVEUDPMENI'S.Grantor agtees to coraply witL^tDe ' �:�°•'_
<br /> ' provisions of any lease if this Security Inswment is on a leasehold.If the Property includes a nnit in a oondominiutn E::-
<br /> or a planned unit development,Grantor will perform all of Grantor's duties urtder the covenants,by-laws,or T=---
<br /> regulations of We oondominium or planned unit development. �-�� _
<br /> � ' 1� DEBAULT.Grantor will be in default if any party obligated on the Secured Debt fails to make payment when due. �,:
<br />� Grantor wilt be in default if a breach occurs under the terms of this Security Inscrument or any other doc�ment
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